Rental Prices in Burgos 2023
Rental price statistics in the province of Burgos - CASTILLA Y LEÓN
Ranking
#20 of 50 provinces
Variation 2023
+4.1%
Median rent (Collective housing)
6.41€/m²
Median amount/month
489.60€
Collective housing
2023
Median rent
6.41€/m²
Median amount
489.60€
Median area
78 m²
Contracts
15,252
Single-family housing
2023
Median rent
3.85€/m²
Median amount
450.00€
Median area
156 m²
Contracts
1,216
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 5.56 | 430.00 | 7,499 | - |
| 2012 | 5.46 | 416.67 | 7,937 | -1.8% |
| 2013 | 5.19 | 400.00 | 8,364 | -4.9% |
| 2014 | 5.08 | 400.00 | 9,047 | -2.1% |
| 2015 | 5.09 | 400.00 | 9,807 | +0.2% |
| 2016 | 5.16 | 400.00 | 10,656 | +1.4% |
| 2017 | 5.21 | 400.00 | 11,265 | +1% |
| 2018 | 5.36 | 403.03 | 11,972 | +2.9% |
| 2019 | 5.68 | 435.04 | 12,849 | +6% |
| 2020 | 5.84 | 450.00 | 13,323 | +2.8% |
| 2021 | 5.97 | 450.00 | 13,859 | +2.2% |
| 2022 | 6.16 | 465.83 | 14,350 | +3.2% |
| 2023 | 6.41 | 489.60 | 15,252 | +4.1% |
The rental housing market in Burgos, located within the autonomous community of Castilla y León, presents a unique picture in 2023. With an average rent of 3.8 €/m², the province ranks 76th out of 52 provinces in Spain, indicating that it is relatively affordable compared to many urban centers in the country. The average monthly rent of 450 euros reflects a stable market that offers potential renters an opportunity to find suitable housing without the exorbitant prices seen in larger cities. Burgos features a total of 1,216 registered rental contracts, demonstrating a moderate level of rental activity. This figure suggests a steady demand for rental properties, which may be influenced by the city’s historical significance, educational institutions, and a growing number of businesses. The province's population trends also play a role; while it may not be experiencing explosive growth, the steady demand indicates a balanced market where both tenants and landlords can operate effectively. When comparing these figures to the regional context of Castilla y León, Burgos stands out for its relative affordability. In many areas of Spain, particularly metropolitan regions like Madrid and Barcelona, rental prices can soar well above 10 €/m², making Burgos an attractive alternative for those looking for more budget-friendly options. This affordability may appeal particularly to young professionals, families, and retirees seeking to enjoy a quality lifestyle without the financial strain often associated with larger cities. Moreover, the national rental market is currently facing challenges such as increasing rents and a shortage of affordable housing. In contrast, Burgos's rental prices have remained stable, providing a buffer against the volatility seen in other parts of Spain. This stability is likely to reassure potential tenants, encouraging a more sustainable rental landscape that could attract newcomers and retain existing residents. Looking forward, the rental market in Burgos is poised for interesting developments. With ongoing urban regeneration projects and infrastructure improvements, the allure of Burgos as a rental destination may grow. As more people discover the region's charm and reasonable living costs, demand for rentals might increase, potentially leading to slight upward pressure on prices in the coming years. In conclusion, the rental housing market in Burgos offers a compelling opportunity for tenants seeking affordability without sacrificing quality of life. With a balanced number of rental contracts and a relatively low average rent, the province remains an attractive option for those looking to reside in a culturally rich and economically stable environment. As the market continues to evolve, it will be essential for both landlords and tenants to stay informed about trends and shifts that may impact their rental experiences.